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Mobile AL Real Estate Market Snapshot - 02/08/2010

02-09-10
Steve Shaw, e-PRO, Gulf Region Properties Team
Steve Shaw, e-PRO, Gulf Region Properties Team: Real Estate Agent in Mobile, AL
  • view my blog
  • Office: (251) 662-5660
  • Mobile: (251) 215-9382
  • Secondary: (251) 662-5684

Below you will find a table that contains the Market Activity report for 02-08-10 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

This information is derived daily directly from the local MLS System. For more free Mobile AL real estate information, reports, and statistics, please visit http://www.GulfRegionProperties.com or http://www.AlabamaBestHomes.com. Please e-mail me or call 251-215-9382 if you would like additional information on any of the listings shown.


Mobile AL Real Estate Market Snapshot 02/08/2010

Single Family Homes and Condominiums

New Listings 44
Price Reductions 22
Price Increases 1
Back on Market 6
Pending Transactions 17
Sold Transactions 13
Withdrawn from the Market 4
Expired Transactions 4
NET GAIN/LOSS (LISTINGS) + 5

Looking for a new home? Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

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Mobile AL Real Estate Market Snapshot - 02/05/2010

02-09-10
Steve Shaw, e-PRO, Gulf Region Properties Team
Steve Shaw, e-PRO, Gulf Region Properties Team: Real Estate Agent in Mobile, AL
  • view my blog
  • Office: (251) 662-5660
  • Mobile: (251) 215-9382
  • Secondary: (251) 662-5684

Below you will find a table that contains the Market Activity report for 02-05-10 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

This information is derived daily directly from the local MLS System. For more free Mobile AL real estate information, reports, and statistics, please visit http://www.GulfRegionProperties.com or http://www.AlabamaBestHomes.com. Please e-mail me or call 251-215-9382 if you would like additional information on any of the listings shown.


Mobile AL Real Estate Market Snapshot 02/05/2010

Single Family Homes and Condominiums

New Listings 44
Price Reductions 35
Price Increases 2
Back on Market 9
Pending Transactions 26
Sold Transactions 9
Withdrawn from the Market 11
Expired Transactions 5
NET GAIN/LOSS (LISTINGS) + 2

Looking for a new home? Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

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Sold Homes Helena Alabama - January 2010

02-09-10
Toni Bird
Toni Bird: Real Estate Agent in Hoover, AL
  • view my blog
  • Office: (205) 822-7268
  • Mobile: (205) 821-3312

Sold Homes Helena Alabama January 2010

What is the real estate market like in Helena Alabama? We saw that 15 homes sold in Helena during January. This was down slightly from the 18 that sold in December and up one from the 14 that sold in January '09. Prices ranged from $65,225 for a 3 Bedroom 1 Bath home on HWY 13 that was a foreclosure to $327,000 for a 4 Bedroom 3 Bath home in Riverwoods. Three homes were new construction. Seven were foreclosed properties. All properties were single family detached houses - no townhomes sold in January.

The average sale price was $182,318 and the median price was $160,952. Homes Sold for an average of 97.06% of list. This was the highest list to sale ratio since August and very strong compared to other parts of the city. So the next time someone says you should bid LOW on a property - you can say NOT in Helena Alabama because the sold homes are going for 3% below list - not 20%!

Inventory remains consistent with 221 properties on the market as of today. Given the 15 homes sold in January, this reflects a fourteen month supply of homes. Homes range in price from 93,700 for a townhome in Rocky Ridge to $995,000 for an estate on 7 acres on the Cahaba River. Wow, what a property located in Environs Park.Toni Bird Realtor

Thinking about Buying A Home in Helena, Alabama? Begin your search on the web at my website. You can see all available listings in the Birmingham area. Scroll down until you see Helena under Location. Or check out another part of town - all other homes in the Birmingham area can also be found here. If you see a home that interests you, let me know. As a realtor in Birmingham, I can make an appointment and show you any home. When you are ready give me a call.

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What is better: to invest the money or pay out the mortgage?

02-09-10
Olga Zavyalova
Olga Zavyalova: Real Estate - Other in Elberta, AL
  • view my blog

What is better: to invest the money or pay out the mortgage?

This question is a difficult one and it largely depends on the full financial environment. You have to take into account not only your profit. Before taking the final decision, ask yourself and answer the following questions:

-         How much current savings do you have?

-         Do you have any retirement savings?

-         How much do you need for everyday life?

-         Are you going to move or change a place of work?

-         Do you have money for some unexpected challenges?

If you invest the cash, the tax advantage is kept, liquidity is kept, and you can pay down the mortgage if you need later. But if you pay off your mortgage, you’ll stay without money and probably you won’t have chance to get cash again. 

“Cash is king”, in case of need having cash is much better than having more equity in their real estate property.

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Birmingham AL Real Estate Sales & Inventory Trends

02-09-10
Mark A. Crain
Mark A. Crain: Real Estate Agent in Birmingham, AL
  • view my blog
  • Office: (205) 985-1010
  • Mobile: (205) 919-3821

Birmingham AL real estate sales & inventory trends through January, 2010 were a disappointment when viewed in relation to the perceived momentum of November and December of 2009. As realtors, we had viewed the positive signs of increased sales and lower inventories as reason for optimism moving into the new year but January's preliminary figures continue to support the notion that this is clearly still a buyer's market with plenty of inventory to choose from in virtually all price ranges. Take a look at this graphical depiction of months inventory over the past 15 months:

months inventory

Months inventory is a measure of the balance of supply and demand for housing. It is calculated as units of inventory (# of homes on the market) divided by the units sold. The graphic shows the raw months inventory as well as the 90 day moving average. The trend line for both measures is upward for January, 2010 which suggest excess supply. The 90 day average is very similar to 2009 but the raw data is higher than the prior year. Birmingham AL real estate sales & inventory trends suggest that this is still very clearly a buyers market with excess inventory in relation to sales. In short, there is an imbalance with regard to supply and demand. Take a look at the raw data below, which is the basis for the chart above:

MLS sales & inventory statistics

Clearly, January is one of the weakest months during the year as real estate follows a very predictable cycle. Having said that, Birmingham AL real estate sales & inventory trends during November and December suggested a skewing of the cycle, presumably due to the effects of the federal tax credit. Given the strength of November and December, the hope was that momentum would carry into the new year. There are still some other signs that this could hold true but January's numbers are a sign in the opposite direction. For example, the Mortgage Bankers Association reported last week that mortgage applications had risen 21% over the previous week to climb back to levels in December. For the complete article, please go to MBA. It is really too early to tell whether January's weak numbers suggest a trend and the hope is certainly that volumes will increase in the months ahead as we approach the April 30th expiration of the federal tax credits. For more on the federal tax credit, go to tax guide.

In summary, what all this means is that buyers continue to have a large selection of inventory and a strong negotiating position. For sellers, it means that you should price aggressively (or at least realistically) and stage your home for the best possible showing experience for potential buyers. Homes in tip top condition, staged properly and priced right will still sell, even in this buyers market. Please contact me via email at sold@markcrain.com or via my cell phone at 205-919-3821 for information about properties that are listed or sold in your area or if you have questions about an appropriate listing price for your home. I can email properties that meet your criteria directly to your inbox automatically on a daily, weekly or monthly basis to help you assess the market from a buyer or seller standpoint.

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